Olympiados Project Management Officer Interview Questions and Answers

The expected monetary value of the project is INR 200,000 profit.

• Calculate the expected monetary value by multiplying the probability of each outcome by its respective monetary value and summing the results.

• Expected Monetary Value = (0.6 * 1000000) + (0.4 * -1500000) = 200000

• The project is expected to result in a profit of INR 200,000.

A no profit no loss situation refers to a scenario where the revenue earned equals the expenses incurred.

• In a no profit no loss situation, the total revenue generated is equal to the total expenses incurred.

• This scenario is often seen in non-profit organizations where the goal is not to make a profit but to cover costs.

• Examples include charity events where all proceeds go towards a cause without any profit being made.